The Silver to Gold Sales Ratio June 2014

Gold and Silver Sales at the U.S. Mint June 2014

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One ounce Silver Eagles outsell one ounce Gold Eagles 62.6 to 1 at the U.S. Mint in June; down from 137.53 to 1 in May.

U.S. Mint sells 2,692,000 one ounce Silver Eagles and 43,000 one ounce Gold Eagles .

The Gold/Silver Price Ratio was 64.67/1 in June vs. 66.50/1 in May.

Sales of physical silver bullion slowed at the U.S. Mint despite removal of allocation restrictions .

June one ounce Gold Eagles sales up from May levels.

Total June 2014 Gold Bullion Sales at the U.S. Mint: 64,500 ounces, including 41,000 fractional ounce gold Eagles (totaling 5,500 ounces) and 16,000 24K one ounce Buffalo gold coins*.

Total June 2014 Silver Bullion Sales at the U.S. Mint: 2,799,000 ounces**.

Last year we started tracking the silver to gold sales ratio as measured by the sales of physical gold bullion vs. sales of physical silver bullion at the U.S. Mint. We track the sales of one ounce American Gold Eagles vs. one ounce American Silver Eagles. We now provide this data from 2008 through June 2014 and compare it to the gold/silver ratio that measures how many ounces of silver it takes to purchase one ounce of gold.

Below are the 2008-2013 U.S. Mint one ounce Gold and Silver Eagles sales in number of ounces and total dollars:

2013 American Gold Eagle SalesSales of American Silver Eagles Set Record

The June 2014 Silver to Gold Sales Ratio: 62.6/1

In June the U.S. Mint sold 2,692,000 one ounce Silver Eagles down from 3,988,500 Silver Eagles sold in May and down from 3,275,000 Silver Eagles sold in June 2013.

In June the U.S. Mint sold 43,000 one ounce Gold Eagles up from 26,000 sold in May and down from 49,000 Gold Eagles sold in June 2013.

The ratio of one ounce Silver Eagles sold to one ounce Gold Eagles sold in June 2014 was 62.6 to 1 compared to 137.53 to 1 in May 2014 and 66.84 to 1 in June 2013.

In June the U.S. Mint sold approximately $53 million worth of one ounce Silver Eagles (and a total of approximately $55.4 million worth of silver, including the sales of 107,000 ounces of America the Beautiful five ounce silver coins**) The Mint sold approximately $55 million worth of one ounce Gold Eagles. The total value of physical gold bullion sold at the U.S. Mint in June, including sales of one ounce and fractional ounce Gold Eagles and one ounce Gold Buffalo coins, was approximately $83.2 million.

Chart showing the dollar value of gold and silver coins sold by the U.S. mint

Until June 2014, Silver had outsold gold in dollar terms at the U.S. Mint every month since January 2014

On June 30, 2014 at 8:15PM EST:

Silver was $21.02 per ounce
Silver Price Average in June: $19.78
Silver Price Average in May: $19.36
Silver Price Average in April:19.71
Silver Price Average in March: $20.74
Silver Price Average in February: $20.83
Silver Price Average in January: $19.91
Silver Price Average in 2013: $23.79
Silver Price Average in 2014: $20.05

Gold was $1326.80 per ounce
Gold Price Average in June: $1279.10
Gold Price Average in May: $1287.53
Gold Price Average in April: 1299.00
Gold Price Average in March: $1336.08
Gold Price Average in February: $1300.97
Gold Price Average in January: $1244.80
Gold Price Average in 2013: $1412.05
Gold Price Average in 2014:1290.70
June Gold/Silver Ratio: 64.67/1
2013 Gold Silver Ratio: 59.25/1
Sources: Kitco and United States Mint

chart showig the gold to silver ratio as measured by how many ounces of silver it takes to buy an ounce of gold

How many ounces of silver it takes to buy one ounce of gold

Gold and Silver Charts Courtesy of Nick Laird
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*In June 2014 the U.S. Mint also sold: 2,000 one half ounce gold American Eagle coins, 4,000 one quarter ounce gold American Eagle coins and 35,000 one tenth ounce gold American Eagle coins (a total of 5,500 ounces in fractional gold Eagles coins) Including the 43,000 one ounce gold American Eagle coins, the Mint sold 48,500 ounces of gold American Eagle coins and 16,000 one ounce Gold Buffalo coins for a total of 64,500 ounces of gold sold.

** The U.S. Mint also reported sales figures for their popular silver American the Beautiful five ounce coins. They reported selling an additional 2,000 five ounce Great Smoky Mountain coins (bringing the total of GSM coins sold this year to 29,000). The Mint also reported selling another 900 five ounce Shenandoah National Park coins (bringing the total SNP coins sold this year to 20,000). The U.S. reported selling 18,500 five ounce Arches National Park coins. Total ounces sold in June attributed to the sales of America the Beautiful coins was 107,000 (21,400 five ounce coins sold).

The total ounces of silver sold to date in 2014 from silver America the Beautiful five ounce coins is 337,500 (67,500 five ounce coins sold).

In 2013 the U.S. Mint sold 160,000 silver America the Beautiful five ounce coins for a total of 800,000 ounces sold.

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Further Reading:

US Mint Sales (monthly archive)

Smaulgld Silver Buying Guide

Smaulgld Gold Buying Guide

Gold and Silver Price Manipulation – Suspected

Live Gold Prices

Live Silver Prices

550 Million Ounces of Silver Were Used in 1964 to Produce Coins for Everyday Use

Perth Mint 2014 sales through June

Perth Mint Sales Slide

Australia’s Perth Mint Gold and Silver Sales By Month July 2012- February 2014

The Canadian Mint Sells Record Amounts of one ounce Silver Maple Leaf Coins in 2013 (see page 30 of the report)

Buy Gold and Silver

Austrian Mint Runs Overtime to Meet Demand

2014 Silver and Gold Predictions

Sales of America the Beautiful Quarters Silver Proof Sets Off to Slow Start in 2014

Perth Mint Gold and Silver Sales Rise in January

Mexico to Tax Silver and Gold Miners

The Gold Silver Ratio vs. The Silver to Gold Sales Ratio

The West Sells Paper Gold While the East Buys Physical Gold

The Price of Silver & Real Estate

Buying Physical Gold and Silver

Twelve Ways Silver is Different Than Gold

Is a Gold and Silver Supply and Demand Price Adjustment Coming?

High Sales of Silver at the U.S., Canadian and Australian Mints in 2013

Royal Canadian Mint

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